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is the incumbent president that puts him in a position of power. all through u.s. history incumbents have usually had the advanta advantage. obama campaigned on his achievements. health care reform, ended the war in iraq, decided to pull back in afghanistan and killed osama bin laden. he took the lead in managing the disaster. that was a winning move. obama also found support among the middle class, the biggest group of american voters. he said he would end tax cuts for the wealthy and give everyone access to health care. >> i guess the big question is what will the president's next four years look like? >> along with his main domestic challenge, the economy, he'll also have to face challenges abroad. iran and north korea are two nations his administration will need to address. he'll continue to pressure them to stop their nuclear development. but at the same time president barack obama will have to be very careful to avoid military conflicts. he knows very well that most americans are already wary after the longest wars in u.s. history in iran and afghanistan. >> you mentioned part of this quest
in the state of new york. the storm that hit the u.s. northeast put some polling stations out of commission. the governor is relaxing the rules so voters won't be shut out. andrew cuomo issued an executive order allowing residents in areas affected by the storm to vote at any station. officials in neighboring new jersey are also making it easier for people to cast ballots. more than 60 polling stations in new york city are still unusable because of flooding or lack of electricity. workers have set up alternative sites. the voting process in manhattan and the city's other borrows has become more high-tech. they can mark paper ballots and insurt those into a scanner. it's the first time the system will be used in a u.s. presidential election. the results will start streaming in tuesday evening in united states. obama and romney will watch the returns come in from the respective home bases, chicago and boston. >>> obama arrived in his hometown early in the morning with the first lady. the latest polls suggest the president and his republican challenger mitt romney remain locked in a dead heat.
as successor to president hu jintao. he visited the u.s. in early 2012 to promote relations. his counterpart, vice president joe biden, was with him for much of the five-day visit. >> xi showed that on some issues the two governments will not necessarily see eye to eye. xi will likely be joined at the top by li kequiang, the man widely expected to become china's next premier. li became a member of the politburo standing committee in 2007. he skipped the stage of politburo member during the communist party convention along with xi jinping. li became vice premier in 2008. li keqiang is 57 years old. he's currently in charge of domestic economic policy. >> li studied law at the prestigious beijing university, where he went on to get a ph.d. in economics. his classmate told us li also dedicated himself to studying english. he says the man who will become china's premier showed no sign he would become a politician. >> i think every single day he got a lot of tickets in his pocket. in one side, he would write english, another side, chinese together. start out like this. and every day he read this,
the country's economic challenges. they're particularly worried the fiscal cliff could weigh down u.s. growth into the new year. >> it's a pretty sad day for wall street. >> i don't think it's for the best of the country. i had a good feeling that romney was going to be a better candidate for the economy. not bowl. obama. >> many offices in history manhattan remain closed. new york city officials have struggled to turn power back on after hurricane sandy hit last week. >>> following an overnight plunge on wall street tokyo share prices are falling thursday morning. the key nikkei arm now currently standing at 8888. that is down 84 points, or just about 1%. investors placing sell orders on especially export-related issues. currencies, the dollar is currently being sold against the yen. worries about u.s. and european economies. the dollar/yen, 79.96-80.01. the euro/yen, 102.01-06. market players are buying the yen, it's regarded as a relatively safe asset amid pessimistic factors. those include the overnight sell-off on wall street, as well as the grim economic outlook for the eurozone which w
with the united states more reliable. the japan/u.s. alliance has been weakened under the democratic party government. >> abe says the liberal democratic party is well prepared for the election. he says it has reviewed its principles and streamlined its policies. there were mixed reactions from people around japan. >> translator: we are suffering so much in fukushima since last year's disaster. i don't understand why politicians cannot work together. >> translator: fukushima is slowly but steadily moving forward in its recovery. it would be regrettable if the momentum slows in the coming weeks. >> translator: i've been looking for a job for two months. i just want the government to create more jobs. >> a business leader expressed his hopes. >> translator: the private sector is trying its utmost to survive. we hope politicians will create a society and nation where those who make efforts are duly rewarded. >>> campaign managers are already busy mapping out their tactics. nhk world's senior political commentator masayo nakajima has charted the strategy of countless campaigns. i asked him ear
>>> dememracy in america. voters in the u.s. decide who they think should lead the country. one man has spent the past four years reshaping how americans see their country and how america is seen around the world. u.s. president barack obama took the wheel of an economy that resisted efforts to write it. now voters are deciding whether to stick with him or whether his republican opponent mitt romney deserves the job. eyewitness news line will focus all day on the race for president. >>> millions of americans are still voting. millions are already making their choices and already we're getting some hints about who they chose. our partners at abc news project barack obama will capture 3 electoral votes and mitt romney 33. >>> let's take a look at the projections state by state. the states in blue are for obama. the runs in red for romney. romney in south carolina, indiana, and kentucky. the projections give obama 3 electoral votes and they hope the number adds up to 270 or more needed to win the election. obama and the first lady arrived at home in chicago. the president wrapped hip h
the u.s. life led on the sidelines of the east asia summit. the negotiators wanted to conclude a deal by the end of this year, but they couldn't agree on how to elimite taffs and they're still divided on other issues such as whether they will allow exemptions to the rules. australian prime minister julia gilliard said an ambitious deadline would be to reach agreement by next oblt. the negotiators will meet again next month in new zealand. >>> january 1, 2013 marks more than just the new year. for americans it could be the beginning of simultaneous tax hikes and spending cuts. >> talking about t fiscal cliff and everyone is talking about it including the u.s. federal reserve chairman ben bernanke. he warned the imminent fiscal cliff poses a stashlg threat to the nation's economy and does say cooperation to resolve budget worries could boost u.s. growth. >> the realization of all of the automatic tax increases and spending cuts that make up the fiscal cliff ab isn't offsetting changes would pose a substantial threat to the recovery. >> the central bank chief urged the government and con
. that means palestinians have gained more powers but u.s. and isiseli leaders argue it throws up more barriers on the road to peace. >> reporter: it was a historic day for palestinians. before the vote palestinians president made his last plea to gain the support of delegation from u.n. member states. >> translator: i am hoping everyone's decision will give a birth certificate to the state of palestine. >> the assembly voted on a resolution to award palstines nonmember state. >> the result of the voting is as follows. in favor, 138. opposed, 9. abstentions, 41. >> reporter: an overwhelming majority voted in favor. among the minority who voted against resolution were israel and the united states. they argue that the palestine state hood should be negotiated between the two parties first. thursday's vote was a significant victory for the palestinians after their bid to gain full u.n. membership was shelved in the security council. being recognized as a state pal stain my exercise its new right to investigate alleged war crimes by israel. critics say it would the detrimental. it remains to be see
program. he'll likely ask china to persuade the north to skrapt launch. u.s. analysts said recent satellite photos said pyongyang may fire another missile. north korean military leaders launched what they called a satellite from the same pace in april. western intelligence analysts said the device, which crashed, was a long-range missile. >>> people at a japanese electronics company are interested in strength ning their renewable energy department. ai uchida from the business desk joins us now. >> i want to tell you specifically about rechargeable batteries or storage batteries. they're use envelope households during pow area outages, they're useful to drivers who use them in place of gasoline. the people at nec in japan understand that this is a growing and important market. the japanese electronics firm will join the bidding for a bankrupt u.s. company making storage batteries. nec officials say they want to buy the failed batterymaker a 1, 2, 3 systems. the u.s. firm filed for bankruptcy protection last month. it will be up for auction in early december. sources say nec could e
relations. we'll make relations with the united states more reliable. the japan/u.s. alliance has been weakened under the democratic party government. >> abe says the liberal democratic party is well prepared for the election. he says it has reviewed its principles and streamlined its policies. >>> yoshihiko noda is the third prime minister to lead japan since the democratic party took power. he's been in the job for a little more than a year. here's a look at some of the challenges he faced. >> reporter: yoshihiko noda replaced the prime minister who lost support over his handling of the fukushima power plant accident. overseas media focused on the fact that noda was japan's sixth prime minister in five years and questioned whether he could form a stable government. >> translator: i'm determined to do everything possible to move politics forward using a down-to-earth approach. >> reporter: noda identified three top priorities for his administration -- reconstruction from the march, 2011 earthquake and tsunami, containment of the fukushima nuclear accident, and fiscal restructuring and
leaders are concerned about what's happening in the u.s. why should they be worried? >> we've heard the fiscal cliff quite a few times. we're going to hear much about it and that's a fact. tax cuts are going to expire just as spending cuts kick in and many fear this will push the u.s. into a recession. the head of china's central bank knows how connected the global economy is. he said it would have an impact well beyond the borders of the united states. >> translator: many drins are concerned about the possible effects of a fiscal cliff. the global economy faces a number of uncertainties which are making it hard to judge china's economic forecast for next year. >> some indicators are rebounding and the economy is stabilizing. >> the nikkei is down over 1% from thursday's close around 101 points. investors selling stocks. that's after the dow jones suffered more than 120 points. investors concerned about the u.s. fiscal cliff issue. let's switch to currency as well. let's have a look at the currency levels now. 79.50 to 51. euro 101.30. a possible delay in greece receiving financial
country is ready to do what it takes to defend its people. u.s. president barack obama spoke with netanyahu. they agree they need to stop attacks. morsi says the israelis must realize their aggression will only lead to instability in the region. iran has condemned israel's military assault on the gaza strip. the iranian foreign minister had to convince israel to stop its military aggression. >>> another round of talks on iran's nuclear program is about to resume. negotiators will meet in brussels next week in their latest attempt to move the discussions forward. negotiations between the six nations and iran have been suspended since they last met in june in moscow. the two sides have failed to make any significant progress on the issue. they are demanding iran halt its program. it's concern that the end product could be used to develop nuclear weapons. foreign policy chief kathryn ashton and negotiators of the six countries will discuss a new nuclear proposal for iran. >>> the company responsible for the massive gulf of mexico oil spill is facing the largest criminal fine in
of state were quick to offer their congratulations, but the u.s. faces hurdles to remain an active player in the fast-growing region. in his first term, obama shifted u.s. foreign policy toward the asia pacific, an area notable for its rapid economic expansion. enthusiasm over obama's reelection rippled through the region. students at an elementary school in the indonesian capital jakarta cheered loudly. obama attended the school when he was in the third grade. japanese prime minister yoshihiko noda contacted the president and pledged his cooperation. u.s. and japan have the opportunity to improve ties, especially since relations between japan and china have soured over the senkaku islands conflict in the east china sea. south korean president lee myung-bak said he's sure the u.s. and south korea will continue to develop their alliance. australia is another key ally in the region. prime minister julia gillard pledged cooperations during president obama's second term. >> i'd like to welcome president obama my warmest congratulations on his reelection. we've got so much to do together in th
to the impact of superstorm sandy. dealers' attention now focused on the very important policy watch, the u.s. jobs data, which will be out on friday, as well as the u.s. presidential election next week. so a lot to watch out for. back to the studio. >> a lot to watch out for indeed, thank you very much. our business reporter at the tokyo stock exchange. >>> that's all for business news for this hour. i'll leave you with a recap of the markets. >>> u.s. president barack obama would be speaking to crowd after crowd in swing states if it hadn't been for the storm. he has less than a week to convince undecided voters. st americans have already examined his record over the past four years. he started his term with a sentiment offered by many of those who came before him. >> that america can change. our union can be perfected. >> many americans have grown tired of what their country had come to represent under george w. bush. obama promised change at home and abroad. he brought an end to the war in iraq. he said u.s. combat forces would pull out of afghanistan by the end of 2014. and he promised t
the u.s. he said american official leaders have promised to minimize the global consequences of official tightening. >>> president barack obama and mitt romney are making their final pitches before americans head to the polls. obama visited three swing states. he told a crowd in wisconsin that romney would resurrect the republican policies of four years ago and preserve tax cuts for the wealthy. >> it's a choice between returning to the top down policies that crashed our economy or a future that's built on providing opportunity to everybody and growing a strong middle class. >> romney also campaigned in swing states. he told an audience in florida that obama had failed to deliver on promises to reduce the economic burden on americans. >> tomorrow we begin a new tomorrow. tomorrow we begin a better tomorrow. this nation is going to begin to change for the better tomorrow. >> the latest poll from abc news and the washington post suggests 50% of likely voters will cast their ballots for obama. 47% for romney. polls indicate a close race in eight states. some suggest the candidates are runni
of early elections. one of the world's biggest consumers of fuel may be self-relia self-reliant. u.s. us a makers churn out car after car but it seems americans will making more fuel to power them. >> that's light. industry analysts expect a major shift will take place in the near future. we're hearing the united states will become the world's largest oil producer in the next five years. the iea said u.s. oil output would surpass saudi arabia. commercial production has already begun. the agency says the u.s. will be nearly self-sufficient in energy by 2035. that's due to an expected surge in production of shale gas. a type of natural gas trapped in under ground rock. america relies on it for 20% of import needs. now let's get a check on the markets. the yen is losing ground slightly against the dollar and the euro. dollar/yen is changing hands at 79.57 and the euro/yen is quoted at 100.99 to 104. debt stricken greece could get bail out funds. share prices are rising slightly in tokyo. this morning the index stands at 8,695. that's up about two-tenths of a percent. the index fell six days
reaffirmed egypt's commitment to the palestinian cause and a need for just resolution. u.s. secretary of state hillary clinton helped negotiate the deal. she promised to work with partners in the region. the israeli military killed about 160 palestinians during the conflict. palestinian militants fired rockets from the gaza strip that killed five israelis. prime minister netanyahu said the right thing is to reach a lasting cease-fire but he warned of a wider military operation if security was threatened. hamas leader mashau warned his forces would resume attacks if israel broke the truce. >>> people in jerusalem are wondering if the cease-fire will hold. cohey sue gee has covered the middle east for years. he was in gaza on the first day of the offensive. kohei, why did the two sides agree to this truce? >> reporter: well, thousands of rockets have been fired since israeli forces withdrew from gaza in 2005. the israelis seemed to have come to the conclusion that they succeed the in reducing the ability of hamas to attack. and i think the influence of the u.s. contributed to bringing a
surpassed japan in gross domestic product to become the world's second largest economy behind the u.s. the chinese government with its growing military started to flex its muscles in the region. it wrangled with asian nations over control of islands in the south china sea and east china sea. >> reporter: the congress opened thursday morning in beijing's great hall of the people. it's about a ten-minute drive from our studios. i went there to watch it unfold. 2,300 delegates from across the country gathered inside the great hall of the people. >> reporter: president hu jintao is now in the midst of giving a work report on past achievements and future goals. >> translator: the communist party has united all ethnic groups across the country and led the people. we have also transformed the old, underdeveloped china into a new china that is prospering every day, but we have to realize there is room for improvement in our work. the unbalance of development and the lack of sustainability are still evident. there are many obstacles -- the disparity between urban and rural areas is wide, the g
. the largest japanese banking group by market value mitsubishi u.s.a. financial group posted a net income of about $3.6 billion in the april to september period. that's nearly 60% down in yen terms from a year earlier. one of the reasons for the decline was the losses from sale of stock holdings. mizuho financial group reported a 28% decline in net income. it was at $2.3 billion. the group says the decline is due to the drop in the value of stocks held. meanwhile, the financial group had a net income game at $4.1 billion. the good results were due to a contribution to earnings from the complete buyout of a consumer finance firm. >>> toyota motors says it will recall over 1.5 million cars in japan as there are separate defects in the steering wheel and hybrid fuel system. it will be the automaker's largest ever recall in the country. toyota says a design error for a shaft part was found in nine models including prius and wish made between august 2000 and last december. the car maker says the steering wheel could malfunction if the driver repeatedly turns it to the maximum. the recall also
with the development of long range missiles. u.s. researchers at johns hopkins university say the country has conducted at least two tests of large rock elt motors since the failed launch in april. one satellite image shows the removal of field tags and the appearance of exhaust screens. they say the sign tests have been carried out. another image shows similar discolorations and stains and an object that appears to be a large rocket engine. the analysis says that construction activity is under way launch an eve bigger rocket. it warns that north korea may start a new round of nuclear and rocket tests in the first half of next year. two south korean presidential candidates who joined forces for next month's election are thrashing out which one will stand. unaffiliated politician xiu and mu ching of the democratic united party struck a deal they won't stand against each other. south koreans have shown in polls a joint candidate would match the front-runner from the ruling party. members of both camps are currently discussing how to decide on who should stand. local media have proposed the idea of a tv
20th. >>> u.s. president barack obama declared his intention to raise taxes on wealthy americans. he says he wants to discuss this openly with republicans who control the house of representatives. obama on wednesday held his first news conference since re-election. he expressed strong concern about expiring tax cuts and automatic spending cuts referred to as the fiscal cliff. unless lawmakers can agree by the end of this year to extend the tax cuts for middle class, the economy could plummet. >> we should not hold the middle class hostage while we debate tax cuts for the wealthy. we should at least do what we agree on, and that's to keep middle class taxes lower. >> obama stressed the u.s. cannot afford to extend tax cuts for the wealthiest 2% of the population if it wants to reduce the country's mounting deficit. obama asked for cooperation from republicans. he said he is open to compromise and open to new ideas that could bring about a rise in tax revenues. >>> let's check on the markets. first, looking at currencies. just having a look at the dollar similar yen at 80.19-21. that's
. the document warns the fiscal cliff would not only deal a heavy blow to the u.s. but might drag the global economy into recession. as for japan, the oect downgraded the outlook from 1.5% to 0.7%. they cited weak domestic demand. analysts urged the nation to compile detailed reliable plans for fiscal reform. u.s. consumer sentiment hit the highest level in more than four and a half years. researchers at analytics form the conference board say the consumer confidence index rose for a third straight month. the numbers rose to 73.7 in november, up from 73.1 in october. that's against a base value of 100 set in 1985. they say that the christmas shopping season started smoothly last weekend and the analysts are still concerned about the impact the fiscal cliff may have on consumer sentiment. the index is a key indicator of recovery and consumer spending which accounts for 70% of u.s. gross domestic product. now let's get a check on the markets. japanese stock prices are trading lower after four straight days of gains in the nikkei average is currently down half a percent at 9,375. now, investors
with countries involved in the u.s.-led trade negotiations. about 1,500 people gathered at the rally sponsored by the central union of agricultural cooperatives. >> translator: japan's participation in the trade deal would give a devastating blow to the country's agriculture. it would change everything in the regional economies and communities. >> the protesters adopted a resolution which emphasized their determination to try to stop the government's participation. the issue is expected to be discussed at the annual asean summit that opens in cambodia next week. the group is concerned prime minister yoshihiko noda may take that occasion to express japan's participation in the free trade talks. >>> in south korea, the disparity between large and small enterprises is expected to be a major issue in next month's presidential election. small-sized stores across the nation are protesting the opening of big supermarkets in their neighborhoods. 300 people, including small shop owners, rallied in seoul. they're making demands to supermarkets to close for one day over weekends when customer traffic is
outside for the boss of the major u.s. jet maker who is taking early retirement. intel has struggled in the global shift. intel officials announced on monday that paul otalini will retire next may. they have started selecting his replacement. he became the fifth ceo in 2005. he built closer ties with apple. int intel's growth slowed as it fell behind in smartphones. intel saw its market value this month beat out by its rival. china has postponed the japanese merger for a third time. they are having to put off plan consolidation of their ship buildings operations. they are waiting on approval authities.se anti-trust officials from japan's second large largest shipbuilder say they will postpone their merger until january 1st. the shipbuilders are required. chinese officials have not completed the paper work. they are reportedly failing to respond to the japanese firms. there's falling global demand for ships. the two builders plan to merge to help them design energy efficient vessels. they are aiming the boost maritime operations. that is all for me for now. i'll leave you with the mar
and rocket fire killed more than 160 palestinians and 5 israelis. >>> south koreans will soon >>> the u.s. ambassador is used to defending her foreign policy decisions. susan rice has broken her silence to defend herself. she's a candidate for secretary of state but she's faced scrutiny because of comments she made on the attack in benghazi, libya. rice made a tv appearance immediately after the september 11th attack. she suggested protests in benghazi over a u.s.-made film that mocked the prophet mohammed triggered the assault on the consulate. investigators later determined it was likely a premeditated plot by extremists. the attackers killed the ambassador and three other americans. rice broke her silence wednesday in response to rising criticism from members of the republican party. >> i relied solely and squarely on the information provided to me by the intelligence community. i made clear that the information was preliminary. and that our investigations would give us the definitive answers. >> republican lawmakers are mounting a campaign against a possible plan by president barack o
added up to 22 million u.s. dollars. because the original estate ran out of space with an increasing number of japanese companies moving in. the five companies residing here now are all japanese. some who work in high-tech saw a chance to be closer to their clients including samsung and hyundai. one manufacturer opened a factory ten kilometers away from their client, lg. >> translator: clients technical demands are getting tougher. we knew we had to be closer to them. >> reporter: managers at both companies work together to smooth out the production process. they discovered and fixed a glitch in one production line. the change kus costs for both sides. they say they could have only made such progress by working face-to-face. >> translator: now the japanese companies can supply us with more glass products and we can bring in good materials. so for us it's a huge advantage. >> reporter: some say in the moment people in both countries see the tensions through a magnifying glass but they say most japanese and south koreans get along just fine. they have reached a sense of maturity. >>> p
and took refuge in the u.s. embassy. after tense diplomatic negotiations officials permitted him to travel to new york with his family on a student visa. chen is just one of many activists who put it all on the line to go toe to toe with the chinese government. we met another human rights campaigner who says the only way for china to move forward is to move toward democracy. nhk world's makoto oda has his story. >> reporter: 39-year-old fujia is one of the democracy activists who are being watched closely by the chinese government. he's been involved with environmental issues and also campaigned for the rights of hiv patients. in 2007 he was arrested after he criticized the government on the internet. he was charged with plotting subversion against the government. and in 2008 he was sentenced to 3 1/2 years in prison. he finally returned to his home in beijing in june last year. >> translator: the communist party doesn't care about people's suffering, only protect v texting its one party dictatorship. we must transform this country into a democracy. this would lead to benefits for every ch
Search Results 0 to 43 of about 44 (some duplicates have been removed)

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